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Courtesy of Keller Williams Integrity First Realty, Heather Openshaw Listing Contact: 480-462-5939 
17 Beds
10 Baths

$900,000

2925 N 38TH Street, Phoenix AZ, 85018

Built in1964
Property typeMulti-family

Overview

Active

Listed Apr 14, 2026

Updated 5 days ago

FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1,200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.

$5,988/mo

Est. mortgage payment based on a $900,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7013792

Interior Features

Bedrooms
17
Bathrooms
10
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,654
Tax Frequency
Annually
Pool
Yes

Courtesy of Keller Williams Integrity First Realty, Heather Openshaw

Listing Contact: 480-462-5939 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Data Last Updated: 4:12 AM UTC, 10/3/2026.

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